How You Can Become Truly Wealthy
Wealth is more than just about becoming rich. After all the best investment you can make is in yourself. Number two is probably the best tip because it is an action, something you can do to change your life today. Warren Buffett recommends writing down a list of 25 life goals you want to accomplish and circling the top five. The other twenty are activities you avoid at all costs.
Learn six more tips to become truly wealthy.
Any great capitalist will tell you that the key to creating great wealth is being willing to take a risk. Men like Vanderbilt, Rockefeller and Carnegie are perfect examples of risk-takers. They saw the possibility of a need and even though they knew it came with great risk, they had the vision to know that the reward was greater. These men were driven by a resolution greater than money. For them, creating wealth meant creating a legacy. Money was only a consequence of the actions they took in the pursuit of purpose and passion.
Tip number one is pretty epic. Living a life true to yourself should be the number one priority not living a life as others expected of you. As a core principle wealth is defined as what you value the most. Everything you do will involve risks but by taking risks you will gain more knowledge and with enough knowledge you can build a reputation as an expert and have skills that are in demand.
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About Shaun Archer Tatum Shaun works in corporate finance in New York City. He has done financial consulting for several start-ups and has worked at several Fortune 500 companies. He has contributed several finance/investing articles on Seeking Alpha which have been published on Yahoo! Finance.